New York broker transparency rule 'close to finished': NYSID official
- Closer look at N.Y.'s disclosure rule. // Business Insurance;2/22/2010, Vol. 44 Issue 8, p18
No abstract available.
- N.Y. transparency rule a start, not endgame. // Business Insurance;2/9/2009, Vol. 43 Issue 6, p8
The author comments on the disclosure proposals of the New York Insurance Department. The author cites mixed reactions to such proposal which would require brokers and agents to disclose compensation they receive for placing coverage with insurers. He asserts that as long as a compensation...
- NYSID Offers Anti-rebating and Inducement Guidance for Brokers and Agents. // Insurance Advocate;4/6/2009, Vol. 120 Issue 7, p16
The article reports on the guidance of the New York State Insurance Department (NYSID) regarding the kinds of services brokers and agents can provide under the provisions of the Insurance Law. According to the New York Insurance Law, referrals to third-party providers for discounted services and...
- N.Y. plans to mandate broker pay disclosure. Roberts, Sally // Business Insurance;2/9/2009, Vol. 43 Issue 6, p1
The article reports on the plan of the New York Insurance Department to propose a pay disclosure rule among insurance agents and brokers. Under such proposal, agents and brokers will be required to disclose all compensation to clients. Such proposal was issued by Eric R. Dinallo, New York...
- Deviations from Policy Forms. Gabay-Rafiy, Sari // Insurance Advocate;2/28/2011, Vol. 122 Issue 4, p10
The article discusses two Office of General Counsel (OGC) Opinions related to deviations from policy forms issued by the Department of Insurance in New York. It details the arguments of the department which were expressed in OGC Opinion No. 11-01-08 and OGC Opinion No. 10-12-01. The author...
- Supt. Serio Reports Availability Of Electronic License Renewal For State's 35,000 Brokers. // Insurance Advocate;7/29/2002, Vol. 113 Issue 28, p26
Reports on the launching of an Internet-based electronic license renewal service for insurance agents in New York by the State Department of Insurance on July 24, 2002.
- New York producer pay rule draws ire of buyers, brokers. Roberts, Sally // Business Insurance;2/15/2010, Vol. 44 Issue 7, p3
The article reports on the reaction of insurance agent/broker and risk management groups to the final producer compensation disclosure regulation of the New York State Insurance Department. The Risk & Insurance Management Society Inc. (RIMS) thinks that the disclosure requirements are...
- State sets hearing on churning, agent compensation concerns. // Hudson Valley Business Journal;10/16/95, Vol. 6 Issue 38, p28
Reports on a public hearing on life insurance agent compensation issues in New York State by the Department of Insurance. Policy input sought by the department; Portion of first year insurance premiums given to agents; Questions for agent salaries considered by the department.
- N.Y. recommends brokers disclose fees. Gjertsen, Lee Ann // National Underwriter / Property & Casualty Risk & Benefits Manag;09/28/98, Vol. 102 Issue 39, p9
Reports on the New York State Department of Insurance's issuance of a circular instructing brokers to inform clients about contingency and other fees. Allegation that undisclosed compensation is being paid to brokers by insurers as additional compensation for business placement; Requirements...